Vise Technologies Inc. Boosts Stock Position in EMCOR Group, Inc. (NYSE:EME)

Vise Technologies Inc. increased its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 89.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,588 shares of the construction company's stock after buying an additional 749 shares during the period. Vise Technologies Inc.'s holdings in EMCOR Group were worth $721,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Castleark Management LLC bought a new position in EMCOR Group in the fourth quarter worth approximately $5,592,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of EMCOR Group by 11.2% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 73,605 shares of the construction company's stock worth $33,409,000 after buying an additional 7,386 shares during the period. Focus Partners Advisor Solutions LLC grew its position in shares of EMCOR Group by 34.3% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 701 shares of the construction company's stock worth $318,000 after buying an additional 179 shares in the last quarter. Continuum Advisory LLC increased its stake in shares of EMCOR Group by 53.7% during the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after buying an additional 29 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of EMCOR Group by 9.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 365,667 shares of the construction company's stock valued at $165,976,000 after buying an additional 31,158 shares during the period. Institutional investors own 92.59% of the company's stock.

Analysts Set New Price Targets

EME has been the topic of a number of research reports. Wall Street Zen downgraded shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus cut their price objective on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $494.50.

EMCOR Group Stock Down 1.4%

Shares of EMCOR Group stock traded down $6.52 during midday trading on Wednesday, hitting $469.07. The company had a trading volume of 280,821 shares, compared to its average volume of 470,244. The stock has a market cap of $20.99 billion, a price-to-earnings ratio of 23.82 and a beta of 1.18. EMCOR Group, Inc. has a 12-month low of $319.49 and a 12-month high of $545.30. The company has a fifty day simple moving average of $411.19 and a 200 day simple moving average of $442.82.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, topping the consensus estimate of $4.57 by $0.84. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.78 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.17 earnings per share. As a group, analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend was Thursday, April 17th. EMCOR Group's dividend payout ratio (DPR) is 4.42%.

EMCOR Group announced that its Board of Directors has initiated a share buyback program on Wednesday, February 26th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Insider Activity at EMCOR Group

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $370.07, for a total transaction of $462,587.50. Following the sale, the chief accounting officer now directly owns 27,642 shares of the company's stock, valued at approximately $10,229,474.94. This trade represents a 4.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony Guzzi sold 7,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.03, for a total value of $3,052,210.00. Following the completion of the sale, the chief executive officer now owns 208,989 shares in the company, valued at $91,125,473.67. The trade was a 3.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,197 shares of company stock worth $3,905,748 over the last quarter. Insiders own 0.83% of the company's stock.

About EMCOR Group

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.